By Leo Eric
The Florida real estate exam is an important step for those interested in becoming a licensed real estate agent in the state of Florida. In this article, we will discuss everything you need to know about the Florida real estate exam including exam format, topics covered, passing score requirements and how to prepare for the exam.
Exam Format
The Florida real estate exam consists of 200 multiple choice questions that must be completed within 5 hours at approved computer-based testing centers across the state. The exam thoroughly tests the candidate’s knowledge of both state specific real estate principles, practices, as well as the laws/regulations. The exam is divided into two sections – the first section includes 110 questions covering real estate principles and laws while the remaining 90 questions of the second section focus on testing the candidate’s understanding of real estate practices. Both sections must each be passed individually in order to pass the entire licensing exam within the allotted 5 hour time period.
Topics Covered
The Florida real estate exam covers major topics like contracts, property ownership, land use controls, valuation and market analysis, financing, taxation, agency and property management, environmental issues, and real estate mathematics. Some areas discussed in more depth are the various types of contracts like purchase agreements and leases as well as important clauses found within them. Property ownership is explored through different forms of tenure including sole, joint, life estate, and condominium ownership along with easements, restrictions, and encumbrances that may affect title. Zoning regulations are examined at both the state and local levels to understand what uses are permitted in each zone. Valuation methods are reviewed in detail including the three approaches of cost, income, and sales comparison. Comparative market analysis is used to research recent sales of similar properties to help determine appropriate pricing. Loan types such as conventional, FHA, and VA are compared regarding rates, terms, down payment requirements, and eligibility.
Passing Score Requirements
To pass the Florida real estate exam, a minimum score of 75% is required in each of the two sections. This means you need to correctly answer at least 83 questions in the principles section and at least 68 questions correctly in the practices section. If you fail a section, you will need to retake just that section. You have three attempts to pass each section within a one year period before having to retake the entire exam again.
Preparing for the Exam
The key to preparing for the Florida real estate licensing exam is to thoroughly study the state specific handbook covering all laws and regulations. Take a prelicensing course from an approved provider to learn the topics tested. Use flashcards to memorize definitions, formulas and concepts, and quiz yourself regularly. Practice with multiple choice questions from prep materials to learn the exam format. Make study guides to condense information for easier retention. Form a study group to teach others and reinforce your own learning. Take timed practice exams to mimic test conditions and review any missed questions. Most importantly, get good rest the night before to avoid stress and perform your best.
Conclusion
With adequate preparation using the resources and study techniques mentioned above, you have a good chance of passing the Florida real estate exam on the first attempt. Being highly knowledgeable about all aspects of Florida real estate laws and regulations related to property ownership, contracts, financing, taxation, environmental concerns, and agency and property management duties is absolutely crucial for becoming a fully Florida real estate license and effective real estate professional able to competently assist clients with their needs in the state of Florida.
